Libya Business News
Wednesday, March 22, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Oil & Gas

Libya oil output climbs to 840,000 bpd -NOC

30th November 2011
in Oil & Gas
Libya oil output climbs to 840,000 bpd -NOC
Share on FacebookShare on Twitter

Libyan oil production has increased to 840,000 barrels per day (bpd) as companies resume output following the eight month war, the National Oil Corporation (NOC) said in a statement.

"The National Oil Corporation announces that crude oil production reached 840,000 barrels per day on Tuesday," it said in the statement on its website.

"Efforts being made currently by oil companies operating in Libya are steadily contributing to increasing the production capacity," it added.

Libya holds Africa's largest oil reserves. Before the February uprising that ousted Muammar Gaddafi, Libya pumped some 1.6 million bpd, but civil war brought flows to a standstill, cutting off exports of around 1.3 million to the international market.

NOC Chairman Nuri Berruien told Reuters last week Libyan oil output remained on track to reach pre-war levels by the end of 2012.

The most recent resumption of oil production include Libya's Waha Oil, a joint venture with U.S. firms ConocoPhillips , Marathon and Amerada Hess, which begun crude oil production at the Dahra and Samah fields at a rate of 16,000 bpd.

Libya's Sirte Oil also restarted crude production at the Alraqhobh field at a rate of 8,000 bpd.

(Source: Reuters)

Tags: AlraqhobhNOCNuri BerruienProduction

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.